Money Fund Assets Up $240M in Week

Assets in the nation's money market mutual funds rose slightly last week in spite of a falloff in funds flowing into institutional portfolios.

For the week ended Sept. 27, assets in money funds reached $732.57 billion, a $240 million jump from the previous week, according to the Investment Company Institute, the Washington-based trade group of the mutual fund industry.

Assets in the 300 institutional portfolios declined by $759 million, a loss due to the $894 million falloff in taxable institutional funds. Tax- free institutional portfolios showed a sign gain in assets.

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